EUR/AUD 1H Chart: Descending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
EUR/AUD reached a multiple month high at 1.4707 on 16th of October. However, the pair's bulls failed to push it higher, thus a decline followed. After a retreat below the 100 and 200-period SMAs the pair found a support and formed a descending triangle pattern.
Currently, the Europe's shared currency is heading towards the pattern's support at 1.4368 and also nearing the triangle's apex. For the time being there is more bearish signals than bullish. The hourly technical indicators are pointing to the south; however, the 4H and daily ones are neutral. Moreover, the SWFX traders' sentiment is rather strongly bearish, with 66.46% of them having opened short positions.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 28 Oct 2014 09:07:03 GMT

USD/CAD 4H Chart: Broadening Rising Wedge

There is a great amount of bullish potential for USD/CAD if the support levels (100-bar SMA; daily S1) around 1.1225 holds, since the broadening rising wedge pattern has formed. The more reliable daily and weekly technical studies are bullish and that could help to keep the pair afloat. Moreover, an overwhelming majority (75%) of the market participants are long the

Mon, 27 Oct 2014 15:02:04 GMT

USD/JPY 1H Chart: Channel Up

After a distinctly bullish market (Aug 8-Oct 1) USD/JPY was undergoing a prolonged correction (Oct 6-15). But now, following a test of the support near 105, the currency pair is once again gaining upward momentum. The last two days the price has been flat, but another up-move should emerge once the US Dollar lands at 107.60. There it is going

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.